"Terminator: The Sarah Connor Chronicles" star Thomas Dekker is in talks to take a lead role and Debbie Allen, who played dance teacher Lydia in the original movie and subsequent TV series, could return for a cameo as a different character, the entertainment industry trade newspaper said.

The new movie is expected to start shooting late next month and is slated for a Sept. 25, 2009 release, The Hollywood Reporter said.

"In many ways, the idea of pursuing a career in dance or music or acting is much more palpable now," MGM chairman Mary Parent said.

"Anyone with a page on a social networking site is instantly 'famous,' and anyone with a digital camera is a potential filmmaker. The negotiation between fame and real talent is much more immediate and something with which audiences are familiar, and there's a universal relatability to experiencing the trials and tribulations associated with pursuing one's dream, regardless of the arena."